25 Aug 2016
Disposal of Interest in PPL Shipyard Pte Ltd to SembCorp Marine Ltd
Danny Lim and Caitlin Huang from the Capital Markets / Mergers & Acquisitions Practice Group are advising PPL Holdings Pte Ltd and its wholly-owned subsidiary, E-Interface Holdings Limited, in the disposal of their entire interest in PPL Shipyard Pte Ltd to SembCorp Marine Ltd for US$115,058,934. PPL Holdings is 45% owned by Yangzijiang Shipbuilding (Holdings) Ltd., which is listed on the Main Board of the Singapore Exchange Securities Trading Limited. PPL Shipyard is engaged in the design, construction, repair and improvement of oil rigs, ships and other ocean going vessels.